Banco Popular de Puerto Rico

Judy is the Director of Credit Research and is a member of the Investment Committee at Fiera Capital Inc. where she is responsible for the credit approval and oversight process for the firm’s $7 billion tax-exempt and taxable fixed income AUM. Fiera’s tax-exempt investment strategies emphasize preservation of capital and tax efficiency, so her credit analyses focus on state and local governments and investment grade revenue bond issuers including transportation, health care, higher education and utilities.� She was a founding principal of Samson Capital Advisors which was acquired by Fiera Capital in 2015.� Judy is the author of The Fundamentals of Municipal Bonds, 5th Edition (John Wiley and Sons, 2001), and has lectured and written extensively about municipal credit and other aspects of the market. Prior to being a principal of Samson she was with Goldman Sachs, Lehman Brothers and the New York City Comptroller.� She is currently a member of the New York Metropolitan Transportation Authority Inspector General Management Advisory Board and has also served as a Board Member of the New York City Municipal Water Finance Authority.�Judy received a B.S. from Cornell University, and�an M.P.A. from New York University.

John Gallagher is Head of Municipal Bonds and U.S. High Grade Product Management at MarketAxess, responsible for managing Municipal Bond and U.S. High Grade product development.�Mr. Gallagher joined MarketAxess in 2002 following the acquisition of TradingEdge, Inc. which he had joined in 2000 with the responsibility for high yield and distressed debt sales. At MarketAxess, Mr. Gallagher was initially responsible for electronic trading product development for U.S. high-grade, high yield, U.S. Agency and emerging market debt markets. Mr. Gallagher also piloted the development and sales for MarketAxess’ first inter-dealer trading platform, DealerAxess�, as well as the launch of the firm’s credit derivatives trading platform in 2005. Mr. Gallagher began his career as a fixed income and mortgage-backed securities (MBS) trader and has an established track record in MBS sales and trading with senior roles at various broker-dealers such as Merrill Lynch and Nomura. Mr. Gallagher received a B.A. in Economics with a Minor in German Language from Fairfield University.

Lee Bressler is a 30 year veteran of the municipal bond business and is the only pubic finance professional to be with three firms and has never had to change his phone number!��Lee started his career with Scharff & Jones, which was later bought by Morgan Keegan.� More recently, Raymond James bought the “rights to him” through its acquisition of Morgan Keegan.His experience includes working with most of Louisiana’s local and state level issuers on small private placements to issues over $100 million as sole manager.Lee received a BA and an MBA degree from Tulane University. He currently serves on many volunteer boards and is a member of the Neighborhood Conservation District Advisory Committee which reviews strategic demolitions of blighted houses as well as requests for demolitions in historic neighborhoods.

Mr. Lee Mehrkens has served since May 2009 as Chief Financial Officer with Ramsey County, Minnesota, with responsibility for providing strategic financial management services and directing financial operations for the county (pop. 523,000. $645 million annual budget. 3,900 county employees). He holds a Bachelor’s Degree in Public Administration from St. Cloud State University and a Masters Degree in Public Policy Administration from the University of Wisconsin – Madison.� His experience includes 25 years in public sector finance working for state, county and city government including previous positions of CFO with the Minnesota Supreme Court and Senior Executive Budget Officer with the Minnesota Department of Finance.�

Andrew Kalotay is a leading authority on the valuation of fixed income securities and a prolific contributor to academic and trade literature. His firm licenses bond analytics, and provides debt management advisory services. The firm’s patent-pending ‘tax-neutral’ method for the valuation and risk analysis of munis has been licensed by leading financial institutions.Before establishing Andrew Kalotay Associates in 1990, Dr. Kalotay was with Salomon Brothers. Prior to Wall Street, he worked at Bell Laboratories and AT&T. On the academic side, he was the founding director of the graduate Financial Engineering program at Polytechnic University (now part of NYU).Dr. Kalotay holds a B.Sc. and M.Sc. from Queen's University and a Ph.D. from the University of Toronto, all in mathematics.� He was inducted into the Fixed Income Analyst Society’s "Hall of Fame" in 1997.

Hardy Manges is Head of Municipal Dealer Sales at MarketAxess, responsible for new business development and strategy, training, and relationship management with dealers in the institutional municipal market.� Mr. Manges joined MarketAxess in February 2016 from Cantor Fitzgerald & Co. where he was Co-Head of the Municipal Debt Capital Markets Group.� Prior to that he was Head of Municipal Sales and Trading at Mitsubishi Securities.� He has extensive experience in secondary municipal market liquidity and trading and has held a variety of senior positions in the municipal divisions of Alex. Brown & Sons, BankersTrust and Deutsche Bank.� Mr. Manges received an M.B.A. in Finance from Loyola University Maryland and a B.A. in Economics and Spanish from Denison University. �

David D. Jamison was named Executive Director of the Iowa Finance Authority in January of 2011. Prior to�his current�appointment he served as Story County, Iowa�Treasurer from 1995-2010.��Dave is an Iowa native, US Marine Corps veteran and a graduate of Iowa State University, where he received a BBA in Management.��He also holds a Finance Master certificate from the National Association of County Collectors, Treasurers and Finance Officers (NACCTFO) through the University of Missouri – St. Louis.While Treasurer, Dave was President of the Iowa State County Treasurers Association, Co-chair of the ISCTA Website Task Force that established the IowaTreasurers.org Web site for all 99 county treasurers, and Chair of the Education Committee for NACCTFO.Mr. Jamison serves on the National Council of State Housing Agencies Board of Directors. He also volunteers his time freely in organizations and service clubs such as Iowa Donor Network (Board Chair), Story County Medical Center Foundation Board, Rotary, The American Legion and� La Societe des Quarante Hommes et Huit Chevaux (40 & 8).

Bob Kyle is a highly respected lawyer assisting clients with public policy and Washington-based problems. Having served in senior positions in both the White House and Congress, Bob is well positioned to help clients navigate the entire Washington landscape. Skilled in challenges that involve international dimensions and substantive complexity, Bob also brings 15 years of private sector experience in helping clients solve difficult problems. He is widely seen as one of the most savvy and effective attorneys helping in Washington. Bob brings a wealth of government experience to the table in solving his clients' interests. Prior to joining Hogan Lovells in 2001, he served in the Clinton White House, first as Special Assistant to the President for International Trade and Finance with the National Security Council and the National Economic Council, then as one of the influential "PADs" at the Office of Management and Budget, where he oversaw a US$300 billion budget covering most international functions of the government, including the Department of Defense, State, Treasury (international functions), and the intelligence agencies. Since joining Hogan Lovells, Bob has helped clients in a variety of areas, with special focus on those with international dimensions. These include U.S. sanctions, Phone +1 202 637 5494 Fax +1 202 637 5910 Email robert.kyle@hoganlovells.com Practices Areas of Focus Education and admissions Education International Trade and Investment Government Relations and Policy Advocacy Export Controls Foreign Government Representation Trade Legislation, Policy, and Negotiations CFIUS, export controls, taxes, energy policy, budget issues, trade restrictions, and trade agreements policy. He manages issues involving regulatory compliance, government advocacy, outreach to foreign embassies and foreign governments, crisis management and corporate strategy.

Keith Kolb currently oversees the activities of all of the Baird Public Finance offices. Keith is responsible for maintaining a variety of client relationships and recruiting senior level public finance professionals to add to Baird’s sector and regional presence . Under his direction, Baird has become a leading municipal financial advisor and bond underwriter in the nation and grown to over 70 professionals, becoming one of the largest middle-market public finance departments in the country. Keith has experience in the structuring and restructuring of virtually all types of tax-exempt and taxable financings. He has extensive experience working with state, state authorities, local governments, school districts, special districts, health care providers and higher educational institutions.Before joining Baird, Keith practiced municipal bond law at Mulcahy and Wherry, SC for three years, specializing in federal taxation and general finance areas. He received a JD degree from Marquette University Law School and a BS degree in Business Administration from Marquette University.

Katie joined the Midwest Regional Ratings Team in October 2010. She currently serves as the local government state lead for Wisconsin and state backup for North Dakota. In addition, she has extensive experience rating local government credits in Minnesota, Michigan, and Illinois. Prior to joining Moody’s, Katie worked as a budget analyst with the Chicago Transit Authority, the nation’s second largest public transportation company, and as a project manager with HVS, where she analyzed the feasibility and economic impacts of public assembly facilities. Katie earned her BA in American Studies from Williams College in Williamstown, MA and her Master of Public Policy degree from the University of Chicago.